Commonwealth v. Belknap Hardware & Manufacturing Co.

Opinion op the Court by

Chiep Justice Settle

Affirming.

This action was brought in the name of the Commonwealth of Kentucky, by W. M. Byars, revenue agent for the state at large, to recover of the Belknap Hardware & Manufacturing Company, a corporate organization tax of $2,500.00 and 20% penalties oh the ground that by filing amended articles of incorporation in 1903, whereby it increased its capital stock from $1,000,000.00 to $2,500,000.00, extended its corporate life and changed its name, a new corporation was thereby created, which made it liable for an organization tax on the whole…